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  • #141
  • May 8, 2012 10:04pm May 8, 2012 10:04pm
TP hit +55

Quoting PeterE
1:3 RR might be the rules, but it places TP just below support, perhaps 1:2.5 is more sensible
  • #142
  • May 9, 2012 12:29am May 9, 2012 12:29am
Quoting Jpr
Well said Paulus. You don't happen to like 'Trading in the Zone' by Mark Douglas do you?
Never read it..but will look on amazon

thanks

P
  • #143
  • May 9, 2012 12:32am May 9, 2012 12:32am
Quoting PeterE
this system may have an edge, but i need a large sample size before i can get enthusiastic about it.........as i'm sure is the same for you Paulus



be good to see a comparison b/w larger SL/TP (pips) and smaller SL/TP with this system
.

I agree

maybe 5min sing lo or hi for the stop..atm I havnt enough data for comparisons

And I wouldn't go below 2;1 RR so thats a none starter for me

Thanks for the suggestions

P
  • #144
  • May 9, 2012 2:04am May 9, 2012 2:04am
What is bias for 2day?
  • #145
  • May 9, 2012 2:19am May 9, 2012 2:19am
Trend up but low broken at London open. Looked for short. Entered short at 1.29838
  • #146
  • May 9, 2012 2:22am May 9, 2012 2:22am
Quoting frollollc
Trend up but low broken at London open. Looked for short. Entered short at 1.29838
MACD was both green and red....maybe needs to be green only? Will observe.
  • #147
  • May 9, 2012 2:28am May 9, 2012 2:28am
Quoting frollollc
Trend up but low broken at London open. Looked for short. Entered short at 1.29838
Low of Euro hasn't been broken - marked with orange line below.

Attached Image (click to enlarge)
Click to Enlarge Name: eu-09may2012.gif Size: 24 KB
  • #148
  • May 9, 2012 2:28am May 9, 2012 2:28am
Quoting frollollc
Trend up but low broken at London open. Looked for short. Entered short at 1.29838
The bias is calculated since two hours before London open to London open, so not broken the low.
  • #149
  • May 9, 2012 2:32am May 9, 2012 2:32am
Been a morning of 'nearly signals' so far. Line either just not below 20 on Stochs of just above 50 on stochs. Only entry on EJ so far.
  • #150
  • May 9, 2012 2:33am May 9, 2012 2:33am
right, but sometimes can be tricky, all Broker have diff datafeed, so best to check all the same datafeed = same broker
Quoting Jpr
Low of Euro hasn't been broken - marked with orange line below.

Attachment
  • #151
  • May 9, 2012 2:37am May 9, 2012 2:37am
Quoting PeterE
this system may have an edge, but i need a large sample size before i can get enthusiastic about it.........as i'm sure is the same for you Paulus

nevertheless,
this week i've found 4 set-ups (x2 euro + x2 aussie) Mon & Tues session:
15% (+42), 15% (+60), -5% (-25), and 1 pending @ +29

..........each using bigger SL (of 3 winners, max drawdown is 18 pips)

in my view small stops is asking for trouble

be good to see a comparison b/w larger SL/TP (pips) and smaller SL/TP with this system
.
Hi PeterE,

Can I ask what criteria you are implementing to determine your SL levels? I assume from the figures you provide that Mon E/U SL was 16, Tues E/U was 20 and the Mon A/U was 25. I agree with you that the current method of SL setting is way too tight causing losing trades when winners are possible as your Mon/Tue results have proven.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #152
  • May 9, 2012 2:38am May 9, 2012 2:38am
Quoting Golum
The bias is calculated since two hours before London open to London open, so not broken the low.
Does Frankfurt open one hour before London? If so, then the low of the first hour WAS broken at the London open.
  • #153
  • May 9, 2012 2:39am May 9, 2012 2:39am
Trades triggered on E/U, G/U, and E/J now. Just have to wait for result. I'm off for breakfast.
  • #154
  • May 9, 2012 2:40am May 9, 2012 2:40am
why not read the whole thread? and all your ? will be answer.

cheers

Quoting frollollc
Does Frankfurt open one hour before London? If so, then the low of the first hour WAS broken at the London open.
  • #155
  • May 9, 2012 2:45am May 9, 2012 2:45am
Quoting frollollc
Does Frankfurt open one hour before London? If so, then the low of the first hour WAS broken at the London open.
It is not used Frankfurt open, but two hours before London open.
  • #156
  • May 9, 2012 2:47am May 9, 2012 2:47am
Quoting punisher
why not read the whole thread? and all your ? will be answer.

cheers
What makes you think I haven't read the whole thread? The rules for when to begin bias measurement is as clear as mud. My take is that the bias should be from when Europe starts trading to London open, not some confused discussion of "summer time".
  • #157
  • May 9, 2012 3:01am May 9, 2012 3:01am
Quoting frollollc
What makes you think I haven't read the whole thread? The rules for when to begin bias measurement is as clear as mud. My take is that the bias should be from when Europe starts trading to London open, not some confused discussion of "summer time".
If you want to do what Paulus does just use the two hours before London open.
  • #158
  • May 9, 2012 3:04am May 9, 2012 3:04am
because if you read all then you know same Golum write!
there was some confusion in the beginning over europe session, but then it was clear two hours before london open an you will have always this space before london open, summertime or not

Quoting frollollc
What makes you think I haven't read the whole thread? The rules for when to begin bias measurement is as clear as mud. My take is that the bias should be from when Europe starts trading to London open, not some confused discussion of "summer time".
  • #159
  • May 9, 2012 3:06am May 9, 2012 3:06am
Quote from post with the rules from page 1:

"Using your market open lines draw a line from EUR open to Euro close it hasn’t got to be super accurate it has to give the general bias of the market"

If EUR open means Frankfurt open, then that's 1 hour before London open. So Paulus was wrong in the definitions (or in the screenshots). Btw I haven't read clearly stated by him that you should use 2 hour before London open.
  • #160
  • May 9, 2012 3:11am May 9, 2012 3:11am
Quoting Zool
Quote from post with the rules from page 1:

"Using your market open lines draw a line from EUR open to Euro close it hasn’t got to be super accurate it has to give the general bias of the market"

If EUR open means Frankfurt open, then that's 1 hour before London open. So Paulus was wrong in the definitions (or in the screenshots). Btw I haven't read clearly stated by him that you should use 2 hour before London open.
The reason he probably hasn't stated anything is because he knew his thread would be taken over by time zone/session discussions like nearly every other thread is.

Why don't you just pick one for yourself and test it. Test it consistently for 20 days and post results. If it doesn't look good then try the other one for 20 days and see if it make a difference.
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